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Heidmar Maritime (NASDAQ:HMR) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Heidmar Maritime logo with Transportation background

Key Points

  • Heidmar Maritime reported an earnings per share (EPS) of $0.01, missing estimates by $0.04, which was $0.05 as per consensus.
  • Despite the earnings miss, Heidmar Maritime's stock rose by 1.0% to $1.58, with a trading volume of 77,549 shares.
  • Equities analysts have set a buy rating for the stock with a target price of $5.00, indicating potential for future growth.
  • MarketBeat previews the top five stocks to own by October 1st.

Heidmar Maritime (NASDAQ:HMR - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04), Zacks reports. The business had revenue of $9.58 million during the quarter, compared to the consensus estimate of $5.19 million.

Heidmar Maritime Price Performance

Shares of Heidmar Maritime stock traded down $0.06 during midday trading on Friday, hitting $1.50. 35,798 shares of the company were exchanged, compared to its average volume of 1,706,403. Heidmar Maritime has a 52 week low of $1.45 and a 52 week high of $10.04. The firm has a 50 day simple moving average of $1.60.

Analyst Ratings Changes

A number of analysts have commented on HMR shares. Wall Street Zen upgraded Heidmar Maritime to a "hold" rating in a research report on Sunday, June 15th. B. Riley began coverage on Heidmar Maritime in a research report on Tuesday, July 15th. They issued a "buy" rating and a $5.00 price objective for the company.

Check Out Our Latest Research Report on HMR

Heidmar Maritime Company Profile

(Get Free Report)

Heidmar Maritime Holdings Corp. provides commercial and pool management services to the dry bulk, crude oil, and refined petroleum product tanker markets worldwide. It offers tanker pool and commercial management, dry bulk pool and commercial management, and fuel services. The company also operates a platform to invest in tanker or drybulk vessels offering a range of customized services for the investor, as well as engages in the sale and purchase of second-hand vessels and newbuilds in the tanker and drybulk sectors.

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